BEIJING — China's latest export controls has rattled insiders of the critical minerals industry, and some are concerned that Beijing will leverage its global supply chain dominance in unprecedented ways. China's Ministry of Commerce announced Thursday that export controls on antimony would take effect Sept. 15. Antimony is used in...
U.S., China sign agreement to cooperate on financial stability
BEIJING — The U.S. and China last week signed agreements for cooperating on financial stability, according to a People's Bank of China readout Monday. The agreement was part of a meeting of the U.S.-China Financial Working Group in Shanghai on Thursday and Friday. Brent Neiman, deputy under secretary for international...
China’s central bank says risks from local government debt have dropped
BEIJING — China's financial risks have dropped, including from local government debt, People's Bank of China Governor Pan Gongsheng said in state media interviews published late Thursday. Pan also said the central bank will work with the Ministry of Finance to enable China to reach its full-year growth targets. He...
China’s bond market intervention reveals financial stability worries
BEIJING — China's latest efforts to stem a bond market rally reveals wider worries among authorities about financial stability, analysts said. Slow economic growth and tight capital controls have concentrated domestic funds in China's government bond market, one of the largest in the world. Bloomberg reported Monday, citing sources, that...